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3 bed apartment for sale in Orihuela, Spain, 108 m²

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Price€199,900
TypeApartment
Covered area108 m²
Beds3
Bath2
Rooms4
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Environment

Apartamento en Villamartin – Bennecke

Great apartment in Villamartín, Orihuela Costa. It has 80m2 consisting of 3 bedrooms, 2 bathrooms, large dining room, kitchen and terrace. The apartment includes garage and storage room. It has long green common areas with community pool. Villamartín is a prestigious area equipped with all the services and comforts between golf and the sea. Nearby is La Zenia Boulevar, which is the largest shopping center in the province of Alicante. Also nearby is the Villamartin Golf Course, 5 minutes from the beach, the Real Campoamor Golf Club and the Las Ramblas Golf Course, surrounded by schools, shopping centers, restaurants, pharmacies, bus stops that favor stay throughout the year. It easily connects with the N-332 national highway and the AP-7 Mediterranean motorway.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
345 per month
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
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